Solid ECN | %40 Deposit Bonus

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Solid ECN - Negative Balance Protection​

Volatility often occurs in the market. Solid ECN has always been committed to the highest standards.

With the Solid-Shied feature, the traders don’t have to worry about having a negative balance with Solid ECN. This means that even under highly volatile situations when margin calls and stop-outs do not function accurately, no client with Solid ECN is responsible for paying back a negative balance.

Solid-Shield automatically adjusts the balance to zero in case it becomes negative after a stop-out. The process of reset is automatic.​

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US500 - Morning Wrap (09.01.2023)​

• US indices rallied on Friday following a solid NFP report - jobs data for December showed better-than-expected employment gain and slower-than-expected wage growth. Dow Jones, S&P 500, Nasdaq and Russell 2000 all gained more than 2%​
• Upbeat moods extended into a new week with indices from Asia-Pacific trading higher as well. S&P/ASX 200 gained 0.6%, Kospi rallied 2.6% and Nifty 50 added 1.5%. Indices from China traded up to 2% higher​
• A number of positive news from China has also provided support for Asian shares today. Reuters reported that financing for property sector increased 33% YoY in December 2022. Also Chinese authorities said they expected traffic during Spring Festival to double from 2022 levels, to over 2 billion passengers​
• DAX futures point to a higher opening of the European cash session today​
• Civil unrest broke out in Brazil with supporters of former President Bolsonaro breaking into the Supreme Court building, Congress and Presidential Palace. Riots were condemned by President Lula, former President Bolsonaro and leaders of democratic countries, including Joe Biden and Emmanuel Macron​
• MV Glory cargo vessel has run aground in Suez Canal this morning but so far it is unclear whether and to what extent traffic is disrupted. Canal authorities' vessel are trying to refloat it​
• People's Bank of China purchased 30 tonnes of gold in December 2022, putting China's official gold reserves to 2,010 tonnes​
• A fault in Iranian pipeline network led to a 70% drop in natural gas exports to Turkey​
• Australian building approvals dropped 9% MoM in November (exp. -1% MoM)​
• Cryptocurrencies are trading higher amid overall improvement in risk moods. Bitcoin gains 1.4%, Ethereum trades 3.1% higher and Litecoin jumps 7.7%. Cardano rallies over 12%​
• Energy commodities trade higher on expectations for increase in Chinese demand - US natural gas prices gain 2.4% while oil trades 1.5% higher​
• Precious metals benefit from USD weakness. Gold trades 0.6% higher, silver gains 0.8% and palladium jumps 1.2%. Platinum trades 0.1% higher​
• AUD and NZD are the best performing major currencies while safe havens - USD, JPY and CHF - are top laggards​

S&P 500 futures (US500) are making a break above the 3,920 pts resistance zone, that marks the upper limit of a recent short-term trading range. Index trades at the highest level since mid-December 2022.​

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Chart of the Day - GBPUSD​

The British pound climbed to a 3-week high against the US dollar yesterday. The move was driven mostly by USD weakness. However, traders were also offered a speech from BoE Chief Economist Pill yesterday and it showed some changes in the economist's attitude. While Pill had stressed previously that the Bank will act forcefully to bring the inflation back to its target from a 4-decade high, he pointed to easing inflationary pressures yesterday. Pill noted that the labor market is weakening and that should economic slack emerge in-line with BoE's forecasts, the threat of inflation becoming persistent would ease. This was an important insight as it showed that BoE starts to see a turn on the labor market and weakness in the jobs market may be an important argument to reconsider any additional tightening. GBP traders will get to hear from Governor Bailey today at 10:10 am GMT. BoE Governor will moderate a panel discussion on central bank independence organized by Riksbank. GBPUSD may also move in the early afternoon as Fed Chair Powell is set to deliver a speech at 2:00 pm GMT. Powell will also speak on central bank independence.
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Taking a look at GBPUSD chart at D1 interval, we can see that the pair has recently bounced off an important support zone in the 1.1880 area. This area is marked with previous price reactions, 200-session moving average and a lower limit of the Overbalance structure. Defending these hurdles, especially the lower limit of the Overbalance structure, hints that pullback started in mid-December 2022 was just a brief correction. A key resistance zone to watch now is 1.2430 area, marked with the previous local high.​

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Solid-ECN Account​

Solid ECN is a non-dealing desk broker, meaning that we do not carry on order flow to market makers. Rather, we match participants in a trade electronically and pass the orders to liquidity providers. As a true ECN broker, we facilitate trades for engaged investors across the ECN.

The technology behind Solid ECN provides for quicker executions and tighter spreads with higher leverage and greater transparency.

We try to take the required steps to assure your funds are safe, along with the immense level of protection over them. That is why all our traders' funds are independently managed from our own and held in segregated accounts in Tier 1 international banks.​

• Execution speed - Approach to liquid markets guaranteeing direct market access and agile fills.​
• Transparency - No price manipulation, no stop hunting, no decrease in leverage, and no hidden commission.​
• Trading hours - Trade Forex, and commodities 24/5, and Cryptocurrencies 24/7 from the MetaTrader 5 platform.​
• Leverage - Unlimited profit upon you with a wide selection of leverage from 1:1 to 1:1000 to trade CFDs. Manage the risks as you go.​
• Scalping - Fast order executions and small spreads allow Solid ECN to become a safe house for high-volume scalping strategies.​
• Hedge - Beat the inflation or reduce your losses with opening one or more trades that offset an existing position.​

Solid ECN brings vital advantages for forex traders in the US, EU, and beyond. High levels of market transparency mean price manipulation is not feasible.
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Shares of Pfizer, the largest US pharmaceutical company, are correcting at 47.

The daily chart shows that the price is declining, consolidating below the 50.0% Fibonacci interim retracement at 48.2.

On the four-hour chart, it can be seen that the downward movement may continue if the quotes manage to break the main support — the full correction level of 61.8% Fibonacci 46.60. The already passed intermediate correction level of 50.0% at 48.20 prevents the change of the trend, but so far, such a movement looks unlikely.

Technical indicators reinforce the sell signal.​

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Solid-Standard Account​

The Solid Standard was designed for traders who favor trading in live market situations to take measures to a professional ECN/STP trading but rather not to pay fees.

The Solid-Standard account is a unique account on the MetaTrader 5 trading platform that links some of the best features of real-market ECN trading with compact light spreads with no charge. These accounts are ideal for studying to trade under interbank market conditions with minimum risk.

You can begin with as low as $10 and trade without commission while experiencing the benefits of tight spreads that adapt according to the current market conditions.​

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Solid-Holy Account​

Swap Free | No Hidden Fees

Solid-Holy accounts (also known as swap-free accounts) for customers who cannot earn or pay the interest due to their religious views. The swap-free option is available on Solid-Standard account types on the MT5 platform.

Solid ECN is devoted to providing its clients with the best trading conditions. Solid ECN Islamic accounts offer state-of-the-art trading infrastructure and execution speeds enabling our traders to win a competitive edge.​

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EURUSD Holds above 1.08 After ZEW Beat​

EURUSD climbed above the 1.08 mark last week, reaching the highest level since late-April 2022. However, the pair began to struggle after US CPI data release for December (Thursday, January 12) and has erased part of the previous gains. EURUSD continued to move lower in the following days and threatened to break back below the 1.08 mark. However, German ZEW data for January came to the rescue. ZEW expectations subindex leap from -23.3 to 16.9 (exp. -15.0). This was the fourth month of increases in a row and the expectations subindex is now sitting at the highest level since February 2022 (launch of Russian invasion of Ukraine). Situation looks less rosy when it comes to the Current Situation sub index as it has moved from -61.4 to -58.6 (exp. -57.0).

Solid beat in German ZEW expectations data helps EURUSD avoid a drop back below 1.08 mark.​

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Solid ECN - %15 Deposit Bonus​

One of the essentials in trading forex and other leveraged products is having more margin. It is a common and rookie mistake to trade in a high volatility market such as cryptocurrencies with a low balance.

Solid ECN has a backup plan for its customers. We boost deposits by %15 and it is up to $500 per account. All profits are free for withdrawal. Where most companies remove the bonuses on stop-out and margin calls, the given credit at Solid ECN is %100 tradeable, and it can be lost.

Solid ECN buys itself %15 more risks to make sure the clients are trading with more confidence. Try us today, and let us know about your trading experiences with us.​

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[Solid ECN Securities]

Solid-Micro Account​

The main unique feature of Solid-Micro accounts is that the minimum trading volume starts from 0.001, while the trading conditions are similar to those for standard accounts. As a result, these account types suit both beginners and professionals, because they may help them test new trading strategies or Expert Advisors in market conditions without any significant financial investments.

> Minimum Deposit $5
> Minimum lot 0.001 lots (100 units)
> Leverage 1:1000

Feel free to open an account and start trading Forex with as low as $5!​

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Shares of Tesla are at 128.​

On the daily chart, the price is trying to consolidate within the corrective trend, trading within the corridor with dynamic boundaries of 139 – 126. On the four-hour chart, the upside potential is relatively small, despite holding above the 23.6% Fibonacci initial retracement at 125.

Soon, an attempt to break this level and reduce quotes may follow. Otherwise, a scenario with local growth and achieving the base correction level of 38.2% by Fibonacci around 139 is possible.​

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Solid ECN Web-Trader MetaTrader 5​

The MetaTrader 5 Web platform allows you to start trading on the Forex, exchange and futures markets from any browser and operating system, including Windows, Mac and Linux. You can access the rich set of functions that are available in the MetaTrader 5 desktop platform directly on the web, which means you can analyze financial quotes and trade without downloading or installing any application. You can access your account and start trading in just a couple of clicks. Trading on the Web platform is safe, while any transmitted information is securely encrypted.

Open a free account at Solid ECN today.

> 1:1000 Leverage
> %15 Deposit Bonus
> Ultra-Fast Execution
> Negative Balance Protection
> Refund Policy​

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Trust Pilot Score 4.8​

 

[SOLIDECN]

Solid ECN Web-Trader MetaTrader 5​

The MetaTrader 5 Web platform allows you to start trading on the Forex, exchange and futures markets from any browser and operating system, including Windows, Mac and Linux. You can access the rich set of functions that are available in the MetaTrader 5 desktop platform directly on the web, which means you can analyze financial quotes and trade without downloading or installing any application. You can access your account and start trading in just a couple of clicks. Trading on the Web platform is safe, while any transmitted information is securely encrypted.

Open a free account at Solid ECN today.​

• 1:1000 Leverage​
• %15 Deposit Bonus​
• Ultra-Fast Execution​
• Negative Balance Protection​
• Refund Policy​

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Wall Street rallies ahead of big tech earnings​

US indices rose sharply today, extending Friday gains as risk appetite improved bolstered by the lack of Fed members' speeches, due to the blackout period, ahead of the FOMC meeting on January 31 – February 1. Now investors brace themselves for a busy week of earnings, including top tech giants Microsoft, Tesla, IBM, and Intel.

Recent economic data have magnified concerns that the US economy is near a recession while boosting bets that the Fed will continue to raise rates however at a slower pace. Wall Street Journal Fed insider, claims that the US central bank will announce a 25 basis point rate hike next week, which boosted upbeat sentiment. Later this week we get the US GDP and inflation data releases, which may increase volatility on the markets and influence FED decision.



US100 jumped above major resistance at 11500 pts and 50 SMA (green line) on Friday and during today's session buyers breached long-term downward trendline. Currently the index is approaching 200 SMA (red line) and if buyers manage to uphold momentum resistance at 13000 pts may be at risk. This level is marked with previous price reactions and 38.2% Fibonacci retracement of the upward wave started in March 2020.​

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Free Market Analysis Subscription​

Solid ECN team delivers professional market analysis with both fundamental and technical aspects on a daily basis on 6 platforms.​

• Website​
• Email​
• Linkedin​
• Twitter​
• Instagram​
• Facebook​

Feel free to sign up for a demo account to receive the latest market update to your inbox, or follow us on social networks.

Our analysis helps our clients to trade more efficiently, cut losses, and find the entry and exit points easier.​

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GBPJPY Provides Sideways Trades​

The GBPJPY pair continued to provide sideways trades to keep its stability within the bearish track that depends on the stability of the major resistance at 163.40, in addition to the continuous barrier formed at 162.10.

Note that stochastic reach to the overbought areas hint getting rid of the positive pressures, to increase the chances of gathering the required negative momentum to provide new negative trades and wait to reach 158.60 followed by 157.10 levels soon. The expected trading range for today is between 161.80 and 159.25.​

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Solid ECN Solution for Inflation​

We have inflation concerns at Solid ECN Securities. Therefore we came up with an ultimate solution by providing multiple wallets to our customers. They can save their assets, investments, and profits in the most demanded currencies and cryptos.

> Euro wallet
> US dollar wallet
> Pound sterling wallet
> Canadian dollar wallet

Solid ECN offers trading more than 250 products with a Bitcoin based account in a true ECN environment! Feel free to open an account with Solid ECN, the best place to trade Forex, Commodities, Indices and cryptocurrencies.​

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[SOLIDECN]

USDCAD breaks the support​

The USDCAD pair succeeded to break 1.3350 level and closed the daily candlestick below it, which supports the continuation of our bearish overview efficiently for the upcoming sessions, opening the way to head towards our next target that reaches 1.3205.



The EMA50 continues to support the suggested bearish wave, which will remain valid unless breaching 1.3350 and holding above it again. The expected trading range for today is between 1.3260 support and 1.3400 resistance.​

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Platform​

The popular trading platforms are narrowed to a few. We chose the newest and the most advanced platform that is available in the market, the MetaTrader 5!

Why MetaTrader 5?
Contrary to commune belief, MetaTrader 5 is not an upgrade of MT4. The MT4 platform was developed for trading in the Forex environment, whereas MT5 was coded for CFDs, Stocks, and futures access. To be short, MetaTrader 5 is for more experienced and advanced traders, but before we go with the MT5, at Solid ECN we ran a survey of the traders we know, and found out that most rookies and novice users are already with the MT5 platform, and for the first time the MT5 users have surpassed the MT4’s!

Major differences ​

1. MT4 has 9-time frames, whereas MT5 offers 21-time frames. More time frames assist technical analyzers to have a better conception of the market movement.​
2. MT 4 has 4 pending orders, whereas MT5 provides 6 types of pending orders.​
3. MT 4 doesn’t have the market depth, but MT5 market depth is accessed within the chart.​
4. MT5 has the Economic calendar on default.​
5. MT4 has 4 types of pending orders, whereas MT5 holds 6 types.​
6. MT4 allows hedging only, whereas MT5 allows both hedging and netting on request.​
7. MT5 has 38 technical indicators, 44 analytical objects and unlimited charts​
8. Partial order filling policies (fill/kill or cancel return) is another advantage of the MT5 for advanced traders.​
9. The strategy tester of the MT5 platform is multi-threaded but MT4 is single-threaded.​

MetaQuote corporation has been sending announcements about stopping MT4 updates. Therefore, we believe it was in the best interest of all parties to go with the MT5 platform!​

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